Systematic Financial Management LP Increases Stake in VICI Properties Inc. (NYSE:VICI)

Systematic Financial Management LP lifted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 55.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,135 shares of the company’s stock after buying an additional 7,530 shares during the quarter. Systematic Financial Management LP’s holdings in VICI Properties were worth $617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Transce3nd LLC purchased a new position in shares of VICI Properties during the fourth quarter valued at about $28,000. CoreCap Advisors LLC increased its position in shares of VICI Properties by 5,555.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock valued at $30,000 after buying an additional 1,000 shares during the period. Venturi Wealth Management LLC increased its position in shares of VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after buying an additional 431 shares during the period. Kestra Investment Management LLC bought a new stake in VICI Properties during the fourth quarter worth about $33,000. Finally, Quarry LP boosted its stake in VICI Properties by 404.1% during the fourth quarter. Quarry LP now owns 1,119 shares of the company’s stock worth $33,000 after acquiring an additional 897 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Up 1.6%

VICI opened at $32.13 on Friday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a 50 day moving average price of $31.73 and a 200-day moving average price of $31.05. VICI Properties Inc. has a twelve month low of $27.53 and a twelve month high of $34.29. The stock has a market capitalization of $33.95 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 3.88 and a beta of 0.74.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The firm had revenue of $984.20 million during the quarter, compared to analysts’ expectations of $976.51 million. During the same period in the previous year, the company earned $0.56 earnings per share. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. Equities research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a dividend of $0.4325 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.39%. VICI Properties’s payout ratio is 69.20%.

Analyst Upgrades and Downgrades

Several research firms recently commented on VICI. Barclays boosted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Truist Financial boosted their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. Robert W. Baird boosted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Stifel Nicolaus boosted their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Finally, Wells Fargo & Company boosted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.18.

About VICI Properties

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.